OUTSOURCING: RECENT TRENDS IN MANAGEMENT FOR DEVELOPING INDIA

Entire world is a jointed with each other due to globalization. IT plays a vital role in it. By using IT techniques and new trends in Management, India can be take opportunity to be a developed country. This new trends of management is Outsourcing. Now a day developed countries outsource too many jobs to India. Such benefit should also to be taken by Indian. Indians Entrepreneurs are sharp minded, hard worker, creative, etc., just need to do some financial management, time management and stress management. To manage all these thigs need to accept foreign strategy i.e. Outsourcing. Outsourcing is strategic management model transferring business process to other country. As per a rapid growth of Indian Economy, very soon India will become a Developed Country. As compare to other developing country, India moves upward in rank. Thus it beneficial as India can outsource their work to other country. And concentrate on main or core functions of the business. It helps to increase productivity, quality of product, reduction in cost, expansion of business, profit making and etc. This research paper discusses and focuses on various criteria of outsourcing which is useful for Entrepreneurs. Paper also evaluates the benefits and the challenges in outsourcing and offshoring. To take the reap of outsourcing, Indian Entrepreneurs must be accepted the outsourcing opportunity. This paper discusses that how Indians Entrepreneurs use this new trends in Management i.e. outsourcing and become developed country very soon